The Belgian Monetary Companies and Markets Authority (FSMA) has ordered main cryptocurrency alternate Binance to cease providing crypto alternate and custody pockets companies.
In a June 23 discover, the FSMA stated that by Binance providing crypto-related companies “from nations that aren’t members of the European Financial Space,” the alternate was violating Belgian legal guidelines on anti-money laundering (AML) and combating the financing of terrorism (CFT). The monetary regulator stated Binance should stop “with rapid impact” all associated companies in Belgium.
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